Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition

v3.24.3
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 44,258 $ 46,482
Restricted cash 176,105 178,319
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value 18,521,337 17,548,763
Loans held for investment, subject to nonrecourse debt, at fair value 9,097,369 8,272,393
Loans held for investment, at fair value 703,356 575,228
Intangible assets, net 225,639 253,531
Other assets, net 178,493 226,153
Assets of discontinued operations 3,827 6,721
TOTAL ASSETS 28,950,384 27,107,590
LIABILITIES AND EQUITY    
HMBS related obligations, at fair value 18,292,043 17,353,720
Nonrecourse debt, at fair value 8,537,119 7,904,200
Other financing lines of credit 1,054,568 928,479
Notes payable 435,744 410,911
Payables and other liabilities 160,869 219,569
Liabilities of discontinued operations 13,585 18,304
TOTAL LIABILITIES 28,493,928 26,835,183
Commitments and Contingencies (Note 14)
EQUITY    
Additional paid-in capital 953,023 946,938
Accumulated deficit (639,807) (714,383)
Accumulated other comprehensive loss (273) (249)
Noncontrolling interest 143,512 40,100
TOTAL EQUITY 456,456 272,407
TOTAL LIABILITIES AND EQUITY 28,950,384 27,107,590
Class A Common Stock    
EQUITY    
Common stock, value 1 1
Class B Common Stock    
EQUITY    
Common stock, value $ 0 $ 0